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North Dakota Department of Trust Lands·North Dakota

Mineral Asset Evaluation and Consulting Services - 226.0-4000-26

Closes 9/10/2026$200k – $600kRequest for Information
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Description

The North Dakota Department of Trust Lands is conducting market research to identify firms capable of delivering independent technical and financial advisory services for the state’s oil‑and‑gas mineral assets. The scope encompasses valuation modeling, production forecasting, GIS mapping, executive reporting, and strategic recommendations. Respondents must register in the NDBuys system, submit any questions by the 20 August deadline, and upload a non‑binding response by 10 September. No contract award is guaranteed; the information will shape a future solicitation. • Provide mineral‑asset valuation, decline‑curve forecasting, and price‑volatility analysis. • Deliver GIS‑based spatial analysis of leases, drilling activity, and unitization. • Produce executive‑level reports, dashboards, and presentations for senior stakeholders. • Submit high‑level, non‑binding cost estimates for retainer, project, and hourly rates. • Include recent client references and demonstrate experience with state‑land or public‑trust entities.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Peggy Gudvangen(Procurement Officer)

[email protected]

(701) 328-1913

Key dates

Opened
8/11/2026
Questions due
8/20/2026
Closes
9/10/2026

Last updated

Details

Type
Request for Information
Industry
Consulting Services
NAICS
541618
Solicitation №
SRC000400

Budget estimate

$200,000 – $600,000

No specific budget is disclosed; however, market‑research‑type advisory contracts for state land agencies typically range from a few hundred thousand to a mid‑six‑figure annual retainer, plus project‑based fees. Assuming a modest scope (annual retainer plus occasional GIS and reporting deliverables) the low end might be around $200k, while a more comprehensive engagement with extensive forecasting and mapping could approach $600k.

AI estimate from the solicitation

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